Tidal Investments LLC Reduces Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Tidal Investments LLC lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,485 shares of the technology company's stock after selling 3,412 shares during the quarter. Tidal Investments LLC's holdings in SS&C Technologies were worth $6,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SSNC. Steward Partners Investment Advisory LLC lifted its stake in SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after purchasing an additional 123 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in shares of SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after purchasing an additional 139 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after buying an additional 149 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after buying an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SSNC shares. Raymond James decreased their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Needham & Company LLC cut their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. DA Davidson decreased their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Stock Up 1.1%

Shares of SSNC traded up $0.89 during trading hours on Friday, hitting $79.79. The company had a trading volume of 1,135,292 shares, compared to its average volume of 1,314,702. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $19.68 billion, a PE ratio of 26.60 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The company's fifty day moving average price is $78.25 and its two-hundred day moving average price is $79.10.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.25%. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Insiders Place Their Bets

In other SS&C Technologies news, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction on Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now owns 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.